Why Revolution Medicines Stock Surged by 11% Today

The company might become the latest biotech acquisition story soon.More often than not, takeover speculation can give a lively boost -- at least in the short term -- to a company's stock. That was the dynamic behind the nearly 11% price gain of Revolution Medicines (RVMD +10.48%) shares on Friday, as a top business newspaper wrote that it's the target of a buyout attempt by a famous peer.Apparent buyout talksCiting unidentified "people familiar with the matter," the Financial Times published an article afte ...